DAILY REPORT ON NIFTY BY kadiyali - 31.08.09 (Monday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4674 against its previous close of 4737, and is currently trading at 4683. It has so far recorded a HIGH of 4696 & a LOW of 4665. Asian cues are negative, US futures are in deep red, and European markets(London is closed today) may open in negative today. Nifty will trade almost full session today in negative, and will close in negative breaking its 7 days of consecutive positive daily close. Trading range for NF today is likely to be 4710-4630.

Trading Calls

11.36AM...NF now at 4689. Go SHORT. SL 4712. Target 4639.

12.41PM...NF now at 4665. Change SL to BUY price + Brokerage, so that there is no loss in the above trade.

1.35PM...NF now at 4635. Target of 4639 of my above 11.36AM call is achived.

Market Closing Report

Nifty futures traded exactly in the range of 4630-4710 indicated in my 11AM report, and closed the day at 4669, down 68 points, after touching a high of 4709 & a low of 4632.

NIFTY OUTLOOK

Nifty snapped its 7 days' consecutive rally, traded in negative throughout the day, and closed the day at 4662, down 70 points. FIIs net sold 271cr & DIIs net bought 18cr. Nifty may see a level just below 4600 in a day or two, before resuming its upclimb towards 4800.
Nifty levels for 01.09.09 Tuesday are: PIVOT 4676, R1 4717 & R2 4772, S1 4621 & S2 4580.

WEEKLY REPORT ON NIFTY BY kadiyali - 29.08.09 (Saturday)

WEEK GONE BY

Nifty opened the week with a big positive gap, and remained under the control of bulls throught out the week, and managed to close above its elusive 4700 level. It closed the week with a positive close at4732, up 204 points. The high of the week of 4743 was recorded on Friday, and the low of the week of 4582 was touched on Tuesday. Nifty more or less traded in the trading range of 4520-4750 indicated by me in my last Weekly Report.

WEEK AHEAD

Having recorded positive close for 7 consecutive days, Nifty is unlikely to scale further highs without giving up part of the gains. Nifty will temporarily slide towards 4600 during next week, before picking up the upward momentum. Nifty may trade next week in a range of 4590-4780, before closing the week NEAR FLAT.

STRATEGY FOR THE WEEK

1. If you are long, hold on to your longs for a nifty target of 4900+.

2. If you are short, do cover your shorts when spot nifty touches 4600.

3. Boldly buy 4500PE if nifty goes beyond 4900 during next week. 

STOCK RECOMMENDATION

Hold on to your long term investment in shares, but do start booking profits in shares held by you for short term once nifty goes beyond 4900. Any fresh entry into stock investment at such high levels is NOT recommended.

OPTION RECOMMENDATION 

1. Watch the premium of nifty put 4500PE (cmp 73). BUY the same if & when it falls below 60 during next week for a target of 95.

2. Watch the premium of nifty call 4800CE (cmp 126). SHORT one lot when spot nifty touches 4750. After taking this trade, nifty can either rise to 4850 or fall to 4600, and the chances of the latter happening first is more. If nifty touches 4850 first, SHORT one more lot of 4900CE & BUY 2 lots of 4500PE. If nifty touches 4600 first, cover your shorted 4800CE & BUY the same out of the profits.

Those members/readers who follow the above Option Strategy No 2, please do report back to me how much they have gained or lost.

DAILY REPORT ON NIFTY BY kadiyali - 28.08.09 (Friday)

Nifty Futures Morning Call
11AM...Nifty Futures opened today at 4705 against its previous close of 4697, and is currently trading at 4694. It has so far recorded a HIGH of 4705 & a LOW of 4682. Asian cues are generally positive, US futures are marginally in red, and European markets may open higher today due to jump in oil prices. Nifty is all set today to aim to get that elusive break out above 4700, trade in positive except for a few minor dips to negative in the early part of the day, and will close the day in positive above 4700. Trading range for NF today is likely to be 4680-4760.

Market Closing Report

Nifty futures closed the day at 4730, up 32 points, after touching a high of 4753 & a low of 4643.

NIFTY OUTLOOK

After 3 days of struggle to go past 4700 mark, Nifty finally managed to go past 4700 in style, and closed the day at 4732, up 44 points. In the process nifty recorded its 7th consecutive daily positive close as well as its highest 2009 close. FIIs net bought 554cr & DIIs net bought 5cr. Nifty is now more than likely to have a minor pull back towards 4600 before climbing further highs.
Nifty levels for 31.08.09 Monday are: PIVOT 4709, R1 4767 & R2 4801, S1 4675 & S2 4612. 

DAILY REPORT ON NIFTY BY kadiyali - 27.08.09 (Thursday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4663 against its previous close of 4682, and is currently trading at 4673. It has so far recorded a HIGH of 4682 & a LOW of 4655. Asian cues are negative, US futures are in red, and European markets may open steady today ahead of US GDP data. Nifty will trade subdued for the first half of the day, but will pick up momentum in the second half aided by heavy short covering being the last day of settlement, and will close the day in positive. Trading range for NF today is likely to be 4640-4750.

Market Closing Report

Nifty futures closed the day at 4688, up 8 points, after touching a high of 4712. Morning low of 4655 remained the low of the day.

NIFTY OUTLOOK

Nifty recorded a positive close for the 6th consecutive day today, and closed the day at 4688, up 7 points. FIIs net sold 41cr & DIIs net bought 29cr. Having gone closer to 4700 mark for the last 3 days & failed to get a close above 4700, nifty may now have a minor pull back below 4600, before resuming its attempt to break out above 4700.
Nifty levels for 28.08.09 Friday are: PIVOT 4680, R1 4716 & R2 4743, S1 4653 & S2 4617.

 

DAILY REPORT ON NIFTY BY kadiyali - 26.08.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4682 against its previous close of 4660, and is currently trading at 4680. Asian cues are positive, US futures are in green, and European markets may open just flat today. Nifty will have a volatile day of trading today but within a small range, and will end today near flat. Trading range for NF is likely to be 4650-4720 today.

Market Closing Report

Nifty futures closed the day at 4683, up 23 points, after trading rangebound in a small range of 4653-4703.

NIFTY OUTLOOK

 Nifty had yet another day of volatile trading ahead of August expiry, but within a small range of just 38 points, and closed the day in positive for the fifth consecutive day at 4680, up 21 points. FIIs net bought 378cr & DIIs net bought 128cr. Having slowly inched up towards the 4700 mark for the last 3 days by closing at 4642, 4659 & 4680, nifty is all set to break out above 4700 mark with a solid backing of heavy short coverings on the last day of this month expiry.
Nifty levels for 27.08.09 Thursday are: PIVOT 4679, R1 4699 & R2 4718, S1 4661 & S2 4640.

DAILY REPORT ON NIFTY BY kadiyali - 25.08.09 (Tuesday)

BIG THANKS TO YOU ALL

FIFTYPOINTSADAY TEAM EXPRESSES ITS BIG THANKS TO ALL THE 149 MEMBERS, NUMEROUS VISITORS & READERS OF THIS BLOG FOR MAKING THIS BLOG ONE OF THE MOST POPULAR BLOGS OF THIS CATEGORY. THIS BLOG HAS ATTRACTED A TOTAL HITS OF MORE THAN 10000 IN LESS THAN 2 MONTHS. THANKS AGAIN.

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4616 against its previous close of 4651, and is currently trading at 4613. It has so far recorded a HIGH of 4650 & a LOW of 4605. Asian cues are negative with Chinese market down more than 3%, US futures are negative, and European markets may open in negative today. Nifty will trade mildly bearish today, inviting profit taking for the last 3 days gains, and will close the day in negative, but only after recovering substantially from its day's low. NF trading range for the day will be 4540-4650. 

Trading Calls

11.45AM...I had recommended in my last Weekly Report to BUY nifty 4600PE below 30, and yesterday the market gave this opportunity. The target set for this trade was 60, and this target is just now achieved.  

12.50PM...Those who had bought 4600PE below 30, and have not booked profits, can convert the holding of 4600PE into 4700CE.

2.18PM...NF now at 4648. Go LONG. SL 4619. Target 4683.

Market Closing Report

Nifty futures closed the day at 4660, up 9 points, after touching a high of 4681 & a low of 4581.

NIFTY OUTLOOK

Nifty had a volatile trading day today, falling below 4600 in the early trades, and then recovering smartly above 4650, and closed the day at 4659, up 17 points. FIIs net SOLD 259cr & DIIs net bought 436cr. Nifty will continue the volatility ahead of its August expiry but may test 4800 level during next week.
Nifty levels for 26.08.09 Wednesday are: PIVOT 4638, R1 4694 & R2 4729, S1 4604 & S2 4548.

DAILY REPORT ON NIFTY BY kadiyali - 24.08.09 (Monday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4599 against its previous close of 4536, and is currently trading at 4621. It has so far recorded a HIGH of 4625 & a LOW of 4590. Asian cues are positive, US futures too are in green, and European markets may open today with almost 1% gains. Nifty having opened with a positive gap, will maintain the gap throughout the day, and will close in positive after a rangebound trade. NF is likely to trade today in a rangebound trading range of 4590-4660.

Market Closing Report

Nifty futures closed the day at 4636, up 100 points, after touching a high of 4667. The morning low of 4590 remained the low of the day.

NIFTY OUTLOOK

Nifty had a bullish trade today, opening with a large positive gap, maintaining the gap till the very end, and closing the day at 4642, up 114 points. FIIs net BOUGHT 711cr & DIIs net bought 275cr. Nifty having succeeded in closing above its strong resistance of 4620, will now proceed towards its next resistance of 4730. However, a profit taking session is very much on the cards anytime now.
Nifty levels for 25.08.09 Tuesday are: PIVOT 4612, R1 4687 & R2 4731, S1 4568 & S2 4493.

WEEKLY REPORT ON NIFTY BY kadiyali - 22.08.09 (Saturday)

WEEK GONE BY

Nifty opened the week with a negative gap, and was subjected to heavy selling by bears almost throught the week, but the support level of 4350 indicated by earlier proved to be solid, and nifty managed to close the week above the psychologically important level of 4500, though with a negative close. It closed the week at 4528, down 52 points. The high of the week of 4538 was recorded on Friday nearer to closing hours, and the low of the week of 4353 was touched on Wednesday.

WEEK AHEAD

As indicated in my Strategy for the Week last week, nifty finally managed to recover from its solid support of 4350, and posted a close above 4500. It will continue the uptrend though with lot of valatility this week due to this being the expiry week. The trading range of nifty next week is likely to be 4520-4750.

STRATEGY FOR THE WEEK

1. Stay invested in cash shares.

2. Calls above 4800 & puts below 4500 will be on the losing side this week.

3. Encash your profits as early as it is seen for both 4500/4600 calls & puts, and wait for a lower level to rebuy.

STOCK RECOMMENDATION

Buy GARDEN SILK (cmp) 80 for a target of 300 in 3 years. A sure MULTIBAGGER in 2-3 years.

OPTION RECOMMENDATION

Watch the premium of 4600PE (cmp) 99, and 4500CE (cmp) 87.  BUY 4600PE below 30 for a target of 60. Once target is achieved, both these options should be commanding almost same price, and so convert 4600PE into 4500CE at that time, and hold the latter till expiry.

GENERAL GUIDELINES FOR TRADING IN FUTURES & OPTIONS FOR SMALL INVESTORS

FUTURES

1. Trade only INTRADAY for Nifty Futures. The intraday rise or fall in nifty futures is good enough for any traders to make money.

2. DO NOT carry any OVERNIGHT position in Nifty Futures, unless & until you have gained sufficient profits in trading.

3. Enter Stock Futures only after gaining sufficient experience in BTST trades.

OPTIONS

Option Trading is highly speculative & risky trading, where one can earn as much as 100% of the investment in a single trading session, at the same time, risking the amount to get halved within no time. The option premium will see erratic swings intraday in line with the movement of prices of stocks or index. One has to take extra caution while trading in options.

I give herebelow the general GUIDELINEs to be kept in mind while initiating option trades from small investors' point of view:

1. As the Option trades are speculative in nature, the amount allotted for the same should be a small portion of the investible funds of the members. Depending on the investible funds with you, the amount allotted should be in following 3 categories: (A) Rs 15000-30000, (B) 31000-60000, (C) 61000-90000.

2. Once you allot an amount under any of the above 3 categories depending on your investible funds, any increase in the funds allotted should be STRICTLY out of the profits earned. 

3. Allotment of funds for any trades should not exceed 20% of the capital allotted for options  OR Rs 6000 whichever is higher. Placing all the money in one single trade is STRICT NO NO.

4. The exposure of the funds for outstanding option position any time should not exceed 60% of the original funds allotted.

5. Investors should never worry about booking loss in any unfavourable trade, as when we expect good profits on favourable trades, loss on unfavourable trades should also be taken for granted.

6. If the recommendation under Trading Calls is for buying call/put below a particular rate, members should not buy it above that rate, though the target may be reasonably high from that level. So if the recommendation is to buy a call below 90, the trade should be not more than 1 rupee above that rate, and can be any amount below 90.

7. All the Trading Calls will have the Target stipulated. But it is absolutely not necessary that one should wait for that target to reach. Booking profits much below the target will cultivate Profit Booking Habit among members, and it is always better to book profits on all trades as quickly as possible.

8. STOP LOSS will not be stipulated for any trades, and members should automatically square off any unfavourable trades if the loss reaches 35% of the premium paid.

9. Starting point for Option Trades can either be Category A or B, and members may go to Category C only after gaining some favourable experience.


ALL THE MEMBERS OF THIS BLOG AS WELL AS READERS/VISITORS ARE REQUESTED TO TRADE IN FUTURES & OPTIONS IN STRICT COMPLIANCE OF THE ABOVE GUIDELINES.


kadiyali

PS: The above is a copy of the guidelines already posted by me earlier, but I keep repeating the guidelines, so that the members/readers/visitors of this blog will not forget them, and will trade in strict compliance of these guidelines.

DAILY REPORT ON NIFTY BY kadiyali - 21.08.09 (Friday).

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4424 against its previous close of 4456, and is currently trading at 4414. It has so far recorded a HIGH of 4429 & a LOW of 4396. Asian cues are negative, US futures are in deep red, and European markets may open in negative today. Today will be a mildly bearish day. Nifty will trade in negative throughout the day, may lose 70-80 points intraday, but will manage to recover most of the losses towards the end, and will close in negative. NF trading range for today is likely to be 4350-4450.

Trading Call

11.29AM...NF now at 4447. Go SHORT. SL 4482. Target 1 - 4397. Target 2 - 4371.

1.15PM...NF now at 4485. SL for my above trade is trigerred.

Market Closing Report

Nifty futures closed the day at 4532, up 76 points, after touching a high of 4546. Morning low of 4396, remained the low of the day.

NIFTY OUTLOOK

Nifty successfully went past its strong resistance of 4490 today, and closed the day at 4528, up 75 points. FIIs net BOUGHT 532cr & DIIs net bought 95cr. As expected nifty has rebounded from the highly oversold zone, successfully broken its recent resistance of 4490, and will now face 4620 as next resistance.
Nifty levels for 24.08.09 Monday are: PIVOT 4489, R1 4578 & R2 4627, S1 4440 & S2 4351.

DAILY REPORT ON NIFTY BY kadiyali - 20.08.09 (Thursday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened the day at 4444 against its previous close of 4386, and is currently trading at 4464. It has so far recorded a HIGH of 4485 & a LOW of 4441. Asian cues are positive, US futures are also in green, and European markets may open today nearly 1% up. A bullish day is in front of us. Nifty will trade today in positive all through the day, and will close in positive with a gain of at least 120 points. NF is likely to trade in the range of 4441-4530 today.

Trading Calls

11.45AM...NF now at 4464. Go LONG. SL 4426. Target 1 - 4514. Target 2 - 4535.

Market Closing Report

Nifty futures closed the day at 4450, up 64 points, after touching a high of 4504 & a low of 4440.

NIFTY OUTLOOK

Aided by positive global cues, Nifty had a mildly bullish trade today, opening with a positive gap & maintaining the gap till the very end, and closing the day at 4453, up 59 points. FIIs net sold 438cr & DIIs net bought 489cr. Nifty is in a highly oversold zone, looking for a rebound any time now.
Nifty levels for 21.08.09 Friday are: PIVOT 4447, R1 4499 & R2 4545, S1 4401 & S2 4348.

DAILY REPORT ON NIFTY BY kadiyali - 19.08.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4452 against its previous close of 4454, and is currently trading at 4415. It has so far recorded a HIGH of 4471 & a LOW of 4411. Asian cues are marginally positive, US futures are in red, and European markets may open flat today. Nifty will trade today in negative for the first half of the day, will recover the losses of the day in the second half, and will close the day in positive with a gain of not more than 30 points. The trading range for NF is likely to be 4370-4490 today.

Trading Calls

11.29PM...NF now at 4389. Go LONG. SL 4358. Target 1 - 4439. Target 2 - 4459.

12.15PM...NF now at 4355. Stop Loss trigerred. Sorry.

Market Closing Report

Nifty futures closed the day at 4402, down 52 points, after touching a low of 4340. Morning high of 4471 remained the high of the day.

NIFTY OUTLOOK

Nifty today received bear hammering due to tanking Chinese market, and closed the day at 4394, down 65 points. FIIs net sold 622cr & DIIs net bought 83cr. Nifty is likely to rebound from its support level of 4350 very shortly.
Nifty levels for 20.08.09 are: PIVOT 4408, R1 4463 & R2 4532, S1 4339 & S2 4284. 

DAILY REPORT ON NIFTYBY kadiyali - 18.08.09 (Tuesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4400 against its previous close of 4372, and is currently trading at 4431. It has so far recorded a HIGH of 4439 & a LOW of 4360. Asian cues are negative, US futures are just flat, and European markets may open today in green after the steep fall of last 2 days. Nifty will trade in positive & negative today alternatively and may close the day with minor gains. NF is likely to trade in the range of of 4360-4470.

Market Closing Report

3.30PM...Nifty futures closed the day at 4455, up 83 points, after touching a high of 4495. The morning low of 4360 remained the low of the day.

NIFTY OUTLOOK

Nifty recovered today almost  half of the ground lost yesterday, and closed the day at 4459, up 71 points. FIIs net sold 722cr & DIIs net bought 467cr. Nifty will continue the volatility for some more days due to expiry of US market settlement on 21st.

Nifty levels for 19.08.09 Wednesday are: PIVOT 4441, R1 4509 & R2 4560, S1 4391 & S2 4322.

GENERAL GUIDELINES FOR TRADING IN FUTURES & OPTIONS FOR SMALL INVESTORS

FUTURES

1. Trade only INTRADAY for Nifty Futures. The intraday rise or fall in nifty futures is good enough for any traders to make money.

2. DO NOT carry any OVERNIGHT position in Nifty Futures, unless & until you have gained sufficient profits in trading.

3. Enter Stock Futures only after gaining sufficient experience in BTST trades.

OPTIONS

Option Trading is highly speculative & risky trading, where one can earn as much as 100% of the investment in a single trading session, at the same time, risking the amount to get halved within no time. The option premium will see erratic swings intraday in line with the movement of prices of stocks or index. One has to take extra caution while trading in options.

I give herebelow the general GUIDELINEs to be kept in mind while initiating option trades from small investors' point of view:

1. As the Option trades are speculative in nature, the amount allotted for the same should be a small portion of the investible funds of the members. Depending on the investible funds with you, the amount allotted should be in following 3 categories: (A) Rs 15000-30000, (B) 31000-60000, (C) 61000-90000.

2. Once you allot an amount under any of the above 3 categories depending on your investible funds, any increase in the funds allotted should be STRICTLY out of the profits earned. 

3. Allotment of funds for any trades should not exceed 20% of the amount allotted OR Rs 6000 whichever is higher. Placing all the money in one single trade is STRICT NO NO.

4. The exposure of the funds for outstanding option position any time should not exceed 60% of the original funds allotted.

5. Investors should never worry about booking loss in any unfavourable trade, as when we expect good profits on favourable trades, loss on unfavourable trades should also be taken for granted.

6. If the recommendation under Trading Calls is for buying call/put below a particular rate, members should not buy it above that rate, though the target may be reasonably high from that level. So if the recommendation is to buy a call below 90, the trade should be not more than 1 rupee above that rate, and can be any amount below 90.

7. All the Trading Calls will have the Target stipulated. But it is absolutely not necessary that one should wait for that target to reach. Booking profits much below the target will cultivate Profit Booking Habit among members, and it is always better to book profits on all trades as quickly as possible.

8. STOP LOSS will not be stipulated for any trades, and members should automatically square off any unfavourable trades if the loss reaches 35% of the premium paid.

9. Starting point for Option Trades can either be Category 1 or 2 , and members may go to Category 3 only after gaining some favourable experience.

ALL THE MEMBERS OF THIS BLOG AS WELL AS READERS/VISITORS ARE REQUESTED TO TRADE IN FUTURES & OPTIONS IN STRICT COMPLIANCE OF THE ABOVE GUIDELINES.

kadiyali

DAILY REPORT ON NIFTY BY kadiyali - 17.08.09 (Monday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4499 against its previous close of 4575, and is currently trading at 4467. It has so far recorded a HIGH of 4503 & a LOW of 4465. Asian cues are negative, US futures are in deep red, and European markets may open marginally negative today. Nifty will have a bearish day of trading today, trading in red all through the day, but will manage to recover smartly from its day's low to close the day in negative but above 4500. Trading range for NF is likely to be 4410-4520.

Market Closing Report

3.30PM...Nifty futures closed the day at 4375, down 200 points, after touching a low of 4358. Morning high of 4503 remained the high of the day.

NIFTY OUTLOOK

17.08.09: Nifty had a highly bearish trade today due to falling global markets, and closed the day at 4388, down 192 points. FIIs net sold 1226cr & DIIs net bought 460cr. Nifty is likely to lose some further ground before staging a recovery.
Nifty levels for 18.08.09 Tuesday are: PIVOT 4447,  R1 4520 & R2 4651. S1 4315 & S2 4243.

WEEKLY REPORT ON NIFTY BY kadiyali - 15.08.09 (Saturday)

WEEK GONE BY

After a break in weekly positive closes last week, Nifty this week again managed to post a positive close, ending the week at 4580 against its previous week's close of 4481, up 99 points. After a gap up opening above 4500 level on Monday, Nifty failed to sustain the positive gap, came down upto an intraday low of 4359 on Wednesday, but recovered smartly upto a high of 4619 on Friday, before closing at 4580. August month support of 4400 & resistance of 4700 were not  violated on closing basis during the week.

WEEK AHEAD

Aided by a better than expected IIP numbers, Nifty recovered smartly this week from its weekly low of 4359. The uptrend is likely to continue, and nifty will post another positive weekly close next week. The trading range for the week is likely to be 4480-4760.

STRATEGY FOR THE WEEK

A major portion of the retail investors have been made to believe nifty will correct below 4200 this expiry, and as on date the factors favouring this pessimistic view are deficient monsoon & bubble in Chinese market. Against this, a fresh view is slowly gaining ground that 4400 will be the support for nifty, and aided by many positive factors, nifty can scale new high above its intraday high of 4731 recorded on 4th of this month. The positive factors favouring this optimistic view are many like better than expected IIP number, better than expected Q1 results just declared by frontline companies, favourable inflation data, surplus liquidity in the banking system, southward interest rates though gradually & favourable global GDP numbers,  possibility of funds withdrawn from Chinese market moving to Indian market, and refund from just concluded large IPOs adding liquidity to secondary market.  And on top of these, if monsoon progresses next week, the market will see all of a  sudden disappearance of the negative factors. All these factors point to a nifty target of 5000 by 15th September.

Keeping the above in mind, stay invested in cash shares, keep sufficient liquidity to add longs at dips, and get out of short positions on dips. Any intraday level below 4540 is a good dip to go long, and any level below 4500 is a golden dip to go long for this week. 

STOCK RECOMMENDATION

BUY Tata Teleservices (cmp 33) for a target of 50 by 15.09.09.

OPTION RECOMMENDATION

Watch the premium of nifty call 4500CE (cmp 147) & BUY 2 lots if it falls below 90 for a Target of 140. On achieving the target, SELL one lot, reduce the cost of the balance lot, and hold it till expiry.

ANNOUNCEMENT

Kadiyali Optins Blog is now READY.  The first batch of 50 members will be sent invitation to access the blog by 9PM on 16.08.09, and the next batch of 25 members will be sent the invitation by 9PM on 17.08.09.

DAILY REPORT ON NIFTY BY kadiyali - 14.08.09 (Friday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4600 against its previus close of 4611, and is currently trading at 4587. It has so far recorded a HIGH of 4604 & a LOW of 4572. Asian cues are mixed, US futures are slightly in red, and European markets may open in positive today tracking Wall Street gains of yesterday. Nifty will trade today RANGEBOUND trading in both negative & positive zones alternatively with small loss/gain, and will ultimately close the day in positive with minor gains. The trading range for NF is likely to be 4560-4640.

Trading Calls

12.32PM...NF now at 4553. Go LONG. SL 4529. Target 4603.

1.01PM...NF now at 4578. Change the SL to BUY price + Brokerage, so that there is no loss in the above trade.

1.05PM...NF now at 4572. For those whose BUY price is above 4553, SL to be changed to 4554.

1.14PM...NF now at 4589. For those who have bought NF at higher than 4553, Target revised to BUY price + 50 points.

1.29PM...NF now at 4604. Target of my 12.32PM call is achived.

Market Closing Report

3.30PM...Nifty futures closed the day at 4561, down 50 points, after touching  a high of 4611 & a low of 4552.

NIFTY OUTLOOK

14.08.09: Nifty had a rangebound trade today as the buying power & selling pressure evenly matched after a steep surge for the last two days, and nifty ended the day at 4580, down 25 points. FIIs net sold 126cr & DIIs net bought 443cr. Nifty is likely to face some more selling pressure at higher levels in the days to come next week.
Nifty levels for 17.08.09 Monday are: PIVOT 4586, R1 4613 & R2 4646, S1 4553 & S2 4526.

IMPORTANT

Invitation to access Kadiyali Options Blog will be sent to all its members before 17.08.09.

DAILY REPORT ON NIFTY BY kadiyali - 13.08.09 (Thursday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4538 against its previous close of 4460, and is currently trading at 4566. It has so far recorded a HIGH of 4567 & a LOW of 4516. Asian cues are positive, US futures too are in positive, and European markets may also open today in positive. Nifty having opened gap up will trade range bound in positive zone throughout the day, and will post a handsome 3 digit gain. Trading range for NF is likely to be 4516-4580.

Trading Calls

11.45AM...I had recommended in my last Weekly Report (08.08.09) to BUY SAIL 160PA below 4 for a target of 10. Now the same is revised to BUY below 2 for a target of 6.

Market Closing Report

3.30PM...Nifty futures closed the day at 4621, up 161 points, very close to the day's high of 4623. Morning low of 4516 remained the low of the day.

NIFTY OUTLOOK

13.08.09: Nifty had a bullish trade today, opening with a big positive gap, remaining rangebound for most part of the day, then surging past 4600 in the last hour aided by positive global cues & short covering, and closed the day at 4605, up 148 points. FIIs net BOUGHT 630cr & DIIs net bought 183cr. Nifty having risen by more than 200 points in 3 trading sessions, may now consolidate between 4600-4700 for the next 3-4 days.

Nifty levels for 14.08.09 Friday are: PIVOT 4559, R1 4660 & R2 4715, S1 4504 & S2 4403.

IMPORTANT

Invitation to access Kadiyali Options Blog will be sent to all its members before 17.08.09.

DAILY REPORT ON NIFTY BY kadiyali - 12.08.09 (Wednesday)

Nifty Futures 11AM Call

11AM...Nifty Futures opened today at 4412 against its previous close of 4464, and is currently trading at 4403. It has so far recorded a HIGH of 4437 & a LOW of 4401. Asian cues are negative, US futures are in slight positive, and European markets may open today flat to slightly positive. Nifty will trade today in negative for most part of the day, may recover to positive towards the end, and will close the day near flat. The trading range for NF is likely to be 4370-4490.

Trading Calls

11.50AM...NF now at 4377. Go LONG. SL 4349. Target 1 - 4427. Target 2 - 4445.

2.07PM...NF now at 4405. Change the SL to Buy Price + Brokerage, so that there is no loss in this trade.

2.59PM...NF has broken its morning high of 4437, and has created a new high of 4461. In the process both Target 1 & 2 of my 11.50AM call are achieved.

Market Closing Report

Nifty futures closed the day near day's high at 4472, up just 8 points, after touching a low of 4351 & a high of 4474. Nifty closed the day NEAR FLAT at 4457, down just 13 points.

NIFTY OULOOK

Nifty had a mildly bearish trade today, losing intraday as much as 112 points from its previous close but managed to recover almost the entire loss towards the end, closing the day at 4457, down just 14 points. FIIs net sold 505cr & DIIs net bought 190cr. Nifty has now closed for the last four trading days between 4400-4500, slipping today intraday below its solid support of 4398, and is now looking for a trade above its resistance of 4520.
Nifty levels for 13.08.09 Thursday are: PIVOT 4430, R1 4501 & R2 4545, S1 4387 & S2 4315.

IMPORTANT

Invitation to all members of Kadiyali Options Blog will be sent to them before 17.08.09.

DAILY REPORT ON NIFTY BY kadiyali - 11.08.09 (Tuesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4408 against its previous close of 4425, and is currently trading at 4476. It has so far recorded a HIGH of 4480 & a LOW of 4398. Asian cues are positive, US futures are flat, and European markets may open today flat to slightly negative. Nifty having suffered losses for the last 3 trading sessions, will post gains today, and may close slightly above 4500. Trading range for NF is likely to be 4398-4520 today.

Market Close Report 

Nifty futures closed the day at 4468, up 43 points, after touching a high of 4515. Morning low of 4398 remained the low of the day.

NIFTY OUTLOOK

Nifty had a slightly bullish trade today but lost most of the gains towards the end, and closed the day at 4471, up 34 points. FIIs net sold 177cr & DIIs net bought 629cr. Nifty is presently caught in between a support of 4398 &  a resistance of 4510, closing the last 3 days within this band, and tomorrow's trade will prove crucial for its further direction.

DAILY REPORT ON NIFTY BY kadiyali - 10.08.09 (Monday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4541 against its previous close of 4480, and is currently trading at 4473. It has so far recorded a high of 4548 & a low of 4457. Asian cues are positive, US futures are slightly in negative, and European markets may open in red due to profit taking after Friday's gains. Nifty will trade in both positive & negative alternatively, and close the day in positive. NF is likely to trade in the range of 4410-4560 today.

Market Closing Report

Nifty futures closed the day at day's low of 4388, down 92 points, after touching a high of 4548.

NIFTY OUTLOOK

Nifty faced the bear hammering for the third day in succession, and closed the day again in negative at 4437, down 44 points. FIIs net sold 640cr & DIIs net bought 86cr. Nifty is now just above a solid support zone from where a bounce back is quite likely.

Nifty levels for 11.08.09 Tuesday are: PIVOT 4467, R1 4533 & R2 4629, S1 4370 & S2 4304.

WEEKLY REPORT ON NIFTY BY kadiyali - 08.08.09 (Saturday)

WEEK GONE BY

Though Nifty traded above 4700 for the first 4 days of the week, it could not secure a close above its strong resistance of 4725 on any of these days, and finally ended up closing the week near week's low of  at 4481, down 155 points.  It traded the week in the range of 4463 to 4731. The high of the week was 4731 touched on Tuesday and the low of the week was 4463 recorded on Friday. The fact that nifty touched 4723, 4731, 4717 & 4718 on the first 4 days but was confronted with huge supply around this level should not be ignored during the next few days.

WEEK AHEAD

As Nifty failed to secure a close above its strong resistance of 4725 the whole of this week, bears undoubtedly received an upper hand & brought down nifty by more than 200 points in two days. Now bears will make nifty Sell On Rise till 4725 is taken out by the bulls on a closing basis.

Nifty is likely to trade RANGEBOUND for the next week consolidating in  a small range of 150 points. Trading range for the week is likely to be 4500-4650. However, nifty will post a positive close for the week.

STRATEGY FOR THE WEEK

1. If you are long, it is undoubtedly the time to reduce the load,  booking profits on every rise.

2. If you are short, hold on to the same & start adding puts when  nifty starts trading above 4650.

STOCK RECOMMENDATIONS

In my last Weekly Report, I had suggested liquidation of stocks in order to take advantage of an expected deep correction to 3900-4300 levels. With the unexpected fall this week itself, the nifty range for the remaining period of August looks to be 4400-4700, with the chances of breaching the lower band more than the upper band, due to monsoon deficiency & fall in Chinese market. So book your profits in the portfolio so as to have a cash balance of at least 50% of the Portfolio size.

OPTION RECOMMENDATIONS

1.In my last Weekly Report, I had recommended 4900CE below 65 for a target of 135, and to convert the profits into 4500PE. Though this call option gave some good intraday gains for first 3 days, the target did not materialise, and the call option is now at CMP of 25. It is now recommended to get out of this option nearer to buy price OR hedge the same with 4500PE below 100.

2. Watch the premium of SAIL puts 160PA (LTP 5.70). BUY SAIL 160PA below 4 for a target of 10.

IMPORTANT (Announcement by Priya Suresh, Manager, Fiftypointsaday)

We at fiftypointsaday had announced last week starting of an exclusive blog for option trading, which will be open for members only on an invitation.  The blog named KADIYALI OPTIONS will start on 12.08.09, and we have already received a good response for the membership. Only a few slots are available now, and all those who enroll for membership before 31.08.09 will get the Early Bird advantage. Those who are interested may contact by email to fiftypointsaday@rediffmail.com early.

DAILY REPORT ON NIFTY BY kadiyali - 07.08.09 (Friday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4554 against it previous close of 4578, and is currently trading at 4536. It has so far recorded a HIGH of 4581 & a LOW of 4520. Asian cues are negative, US futures are in red, and European markets may open in negative today. Nifty will trade today in negative throughout the day, and may even fall below 4500 intraday, but will recover towards the end to close either flat or in negative with minor loss. NF may trade in the range of 4480-4590.

Trading Calls

11.16AM...BTST CALL: BUY Reliance Communications below 263 today for a target of 290.

12.36PM...RCom now at 262. The above BTST Call triggered. BUY for a target of 290 with a SL at 257.90.

12.43PM...NF CALL: BUY Nifty Futures below 4499 for a target of 4550.

12.57PM...STOCK OPTIONS: BUY RCom 270CA now at 11.80 for a Target of 20 next week.

1.05PM...NF now at 4493. The above 12.43PM call triggered. BUY NF for a target of 4550.

Market Closing Report

3.30PM...Nifty fututures closed the day at 4467, down 111 points, after touching a low of 4465. Morning high of 4581 remained the high of the day.

NIFTY OUTLOOK

Nifty continued its downward journey for the second day today, and closed far below its support level of 4550, ending the day at 4481, down 101 points. FIIs net sold 1051cr & DIIs net bought 414cr. Nifty having broken its support of 4550 has passed on the advantage to bears, and until & unless its strong resistance of 4725 is taken out as a closing basis, bears will continue to dominate the trade in the days to come.

Nifty levels for 10.08.09 Monday are: PIVOT 4512, R1 4561 & R2 4640, S1 4433 & S2 4384.

DAILY REPORT ON NIFTY BY kadiyali - 06.08.09 (Thursday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4682 against its previous close of 4705, and is currently trading at 4673. It has so far recorded a HIGH of 4682 & a LOW of 4651. Asian cues are mixed, US futures are flat, and European markets may open in positive today. Nifty will trade in negative today for the first 2-3 hours of trading, will get back into positive thereafter, and will end the day in positive above 4700. NF is likely to trade in the range of 4630-4740 today.

Trading Calls

2.41PM...NF now at 4639. Go LONG. SL 4591. Target 1 - 4689.  Target 2 - 4719.

2.51PM...NF now at 4590. Stop Loss of above trade is triggered. Sorry.

Market Closure Report

Nifty future closed the day at 4585, down 120 points, after touching a high of 4730 & a low of 4552.

NIFTY OUTLOOK

Nifty stopped its surge beyond the tough resistance zone of 4710-4730 for the fourth day today, and ended up losing heavily to close the day at 4585, down 109 points. FIIs net sold 371cr & DIIs net bought 257cr. Nifty has now landed just above its crucial support level of 4550-4580, the maitenance of which is absolute necessity for the bulls to sustain the current rally.

Nifty levels for 07.08.09 Friday are: PIVOT 4621, R1 4683 & R2 4780, S1 4524 & S2 4462.

DAILY REPORT ON NIFTY BY kadiyali - 05.08.09 (Wednesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4677 against its previous close of 4679, and is currently trading at 4653. It has so far recorded a HIGH of 4713 & a LOW of 4642. Asian cues are negative, US futures too are in red, and European markets may open FLAT today. Nifty will trade today both in positive & negative alternatively, and will end the day in negative again with minor loss. NF is likely to trade in the range of 4590-4713 today.

Market Closing Report

3.30PM...Nifty futures closed the day at 4696, up 17 points, after touching a low of 4622 & a high of 4721.

NIFTY OUTLOOK

Nifty traded today in both positive & negative alternatively and finally ended in positive, at 4694, up 14 points. FIIs net sold 690cr & DIIs net sold 24cr. Nifty for the last 3 days has been consolidating in 4600-4700 range, with support at 4620 & resistance at 4730, looking for a break out soon beyond 4700.

Nifty levels for 06.08.09 Thursday are: PIVOT 4680, R1 4730 & R2 4767, S1 4643 & S2 4593.

DAILY REPORT ON NIFTY BY kadiyali - 04.08.09 (Tuesday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4709 against its previous close of 4670, and is currently trading at 4676. It has so far recorded a HIGH of 4709 & a LOW of 4670. Asian cues are positive, US futures are in red, and European markets may open flat today. Nifty will trade today RANGEBOUND, and end the day in negative with minor loss. NF is likely to trade in the range of 4620-4710 today.

Market Closing Report

Nifty futures closed the day at 4676, down 38 points, after touching a high of 4715 & a low of 4635.

NIFTY OUTLOOK

Nifty, after last 3 days of surge,  traded rangebound today & finally closed the day at 4680, down 31 points. FIIs net bought 219cr & DIIs net bought 253cr. Nifty is now all set to convincingly surge beyond 4700, after which short covering will aid further rise of nifty.

Nifty levels for 04.08.09 Wednesday are: PIVOT 4685, R1 4727 & R2 4774, S1 4638 & S2 4596.

DAILY REPORT ON NIFTY BY kadiyali - 03.08.09 (Monday)

Nifty Futures Morning Call

11AM...Nifty Futures opened today at 4658 against its previous close of 4636, and is currently trading at 4647. It has so far recorded a HIGH of 4662 & a LOW of 4623. Asian cues are positive, US futures are flat but in green, and European markets may open today flat. Nifty will trade subdued & rangebound for the first half of the trading session, will pick up the momentum in the second half, and end the day in positive. NF is likely to trade in the range of 4610-4690 today.

Market Closing Report

Nifty futures closed the day at 4729, at the day's high, after touching a low of 4612 & high of 4730.

NIFTY OUTLOOK

Nifty continued its surge for the third day in succession, closing the day above 4700 for the first time in 2009, at 4711, up 75 points. FIIs net bought 347cr & DIIs net bought 61cr.  Having succeeded in closing above its 12th June intraday high of 4693, nifty will now proceed to achieve its immediate target of 4850. However, drop of  volume with the rise in idex should call for caution.

Nifty levels for 04.08.09 Tuesday are: PIVOT 4684, R1 4750 & R2 4790, S1 4645 & S2 4578. 

WEEKLY REPORT ON NIFTY BY kadiyali - 01.08.09 (Saturday)

WEEK GONE BY

Nifty continued its uptrend for the third week after its big fall in the post budget week, and closed the week near high at 4636, up 68 points. Trading range for the week was 4420 to 4669. The high of the week 4669 was touched on Friday and the low of the week 4420 was recorded on Wednesday.

WEEK AHEAD

Having secured a positive close for Nifty for the last 3 weeks, bulls will continue to dominate the market,  and Nifty will be able to post gains for at least 3 of the 5 trading days of next week. Nifty will close the next week also in positive but with minor gains. Trading range for the week is likely  to be 4580-4810.

STRATEGY FOR THE WEEK

1. If you are long, continue to ride on your longs but do note to book profits once nifty goes past 4800. 

2. If you are short, next week will give you very anxious moments, and you may not be able to get a decent exit for the whole of the week, as nifty is unlikely to trade below 4580.

3. Accumulate nifty puts 4400PE once nifty goes past 4800.

STOCK RECOMMENDATIONS

Nifty is likely to touch a high of 4810 for the next week, and also to reach a target of 4900 anytime thereafter. However as the quarterly results season is almost over & there is no other positive trigger for the market in next 2 months, the days of bulls may be numbered very shortly. It will be prudent to book profits in whatever shares we hold now, and wait for a deep correction to 4300-3900.

OPTION RECOMMENDATIONS

Watch the premium of nifty call 4900CE (CMP 77) & nifty put 4500PE (CMP 109).

BUY 4900CE below 65 for a target of 135. Upon achieving the target, SELL and take out your money, invest the profits in 4500PE at the rate prevailing at that time, which is likely to be equal to the profits gained from 4900CE trade. Keep the 4500PE so bought for a target of 150.

IMPORTANT: (Announcement by Priya Suresh, Manager, Fiftypointsaday)

We at Fifitypointsaday, will start shortly an exclusive OPTION BLOG for trading in Options. Membership to this Option Blog will be only on an invitation. Those who are interested may email to fiftypointsaday@rediffmail.com early.